News Highlights: Top Company News of the Day

Date : 05/15/2019 @ 8:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Alibaba, Tencent Post Robust Results 

China's two biggest internet companies are continuing to boom, even as the Chinese economy slows, but Tencent and Alibaba are looking to new businesses to sustain their staggering growth.

U.S. Poised to Let Phone Companies Block Robocalls 

Responding to widespread consumer complaints, the FCC says it will take steps to give phone companies permission to block unwanted robocalls.

American Express Buys Restaurant-Reservation Platform Resy 

American Express has agreed to buy a company that helps customers reserve tables at high-end bars and restaurants, the latest effort in its push to link cardholders with perks-offering partners.

Alibaba Posts Higher Sales, Forecasts Slowing Growth 

Chinese online-retailing giant Alibaba posted a 51% increase in sales for both the fourth quarter and fiscal year ended March 31, but forecast only a 33% revenue jump for the next year, in one of the first signs of slowing growth.

WeWork to Buy CEO's Properties That Spurred Conflict Concerns 

Chief Executive Adam Neumann plans to sell the properties he owns and leases to the office-space company, a move to eliminate a potential conflict of interest ahead of an expected initial public offering.

Cloud Over Xilinx Should Dissipate 

The chip maker is likely to be one of the few bright spots in a rough semiconductor market this year.

Macy's Same-Store Sales Rise, Affirms Full-Year Outlook 

Macy's posted stronger-than-expected growth in a key sales metric in the latest period as the retailer said it benefited from more customers making purchases through digital channels.

Reynolds, With an Eye on Juul, Wades Into Social Media 

Cigarettes maker Reynolds American will start marketing its Vuse e-cigarettes on Facebook and Instagram, seeking to regain market share lost to upstart Juul Labs.

Stanley to Make More Craftsman Tools in U.S. 

Stanley Black & Decker plans to move production of Craftsman wrenches from China back to the U.S., the latest manufacturer looking to use automation to raise domestic output as tariffs add to costs overseas.

Microsoft Warns of Monster Bug, In a Week of Them 

Microsoft took the unusual step of warning that a computer bug it has now patched could be used by a cyber weapon similar to the WannaCry worm, which spread across the globe two years ago.


(END) Dow Jones Newswires

May 15, 2019 15:15 ET (19:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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